BlockBeats news, October 9 — Hong Kong Securities and Futures Commission (SFC) Chief Executive Officer Julia Leung said in a speech on Friday at the Asia Securities Industry & Financial Markets Association (ASIFMA) conference that measures to reform market microstructure are being studied, including extending securities trading hours, which will be implemented first in the derivatives market. This move will help investors respond promptly to the fast-changing global market pace across different time zones, ensuring Hong Kong maintains its competitive edge. In the long run, the policy of extending trading hours will be complemented by other innovative measures expected to be implemented, such as tokenized currencies and digital Hong Kong dollar settlement arrangements. Together, these measures can give investors greater flexibility to adjust positions and manage risk in response to the latest market information. Hong Kong Exchanges and Clearing Limited will publish a discussion paper in the fourth quarter on extending trading hours in the cash market, and everyone is welcome to actively submit their views at that time.
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